Investments

3 Months Ended

Jul. 30, 2016

Investments

Investments

Note 4: Investments

We have current and long-term investments intended to enhance returns on our cash as well as to fund future obligations of our non-qualified defined benefit retirement plan, our executive deferred compensation plan, and our performance compensation retirement plan. Our short-term investments are included in other current assets and our long-term investments are included in other long-term assets on our consolidated balance sheet. The following summarizes our investments at July 30, 2016, and April 30, 2016:

(Unaudited, amounts in thousands)	7/30/16		4/30/16
Short-term investments:
Available-for-sale investments	$	12,806	$	13,491
Trading securities	50		—
Held-to-maturity investments	1,829		1,826
Total short-term investments	14,685		15,317
Long-term investments:
Available-for-sale investments	31,615		31,659
Total available-for-sale, trading, & held-to-maturity investments	$	46,300	$	46,976
Investments to enhance returns on cash	$	32,749	$	33,583
Investments to fund compensation/retirement plans	$	13,551	$	13,393

The following is a summary of the unrealized gains, unrealized losses, and fair value by investment type at July 30, 2016, and April 30, 2016:

At July 30, 2016

(Unaudited, amounts in thousands)	Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Equity securities	$	1,514	$	(136	)	$	8,399
Fixed income	222		(5		)	35,573
Mutual funds	—		—			50
Other	1		(23		)	2,278
Total securities	$	1,737	$	(164	)	$	46,300

At April 30, 2016

(Unaudited, amounts in thousands)	Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Equity securities	$	1,231	$	(135	)	$	8,150
Fixed income	176		(9		)	36,527
Other	1		(21		)	2,299
Total securities	$	1,408	$	(165	)	$	46,976

The following table summarizes sales of available-for-sale securities:

	Quarter Ended
(Unaudited, amounts in thousands)	7/30/16			7/25/15
Proceeds from sales	$	3,670		$	12,983
Gross realized gains	31			677
Gross realized losses	(36		)	(506		)

The fair value of fixed income available-for-sale securities by contractual maturity was $13.1 million within one year, $20.9 million within two to five years, $1.3 million within six to ten years, and $0.3 million thereafter.